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Irina18 [472]
3 years ago
7

Which of the following comes closest to the value at the end of year 6 of investing $600 today (year 0) and then investing anoth

er $600 at the end of year 5 if the interest rate is 3%?
a. $ 1,434
b. $ 1,334
c. $ 1,542
d. $ 1,383
e. $ 1,487
Business
1 answer:
cestrela7 [59]3 years ago
5 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Investment= $600 today and $600 at the end of year 5

Interest rate= 3%

To calculate the final value, we need to apply the following formula on each investment:

FV= PV*(1+i)^n

FV= 600*(1.03^6)= $716.43

FV= 600*(1.03^1)= $618

Total FV= $1,334.43

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The answer is: d. interest on deposits

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Answer:

take actions now that will have positive effects on organizational performance in the future.

Explanation:

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Valeria purchased a used car for $2500. She paid 63 % sales tax. How much tax did she pay?​
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4 0
2 years ago
Consider an imaginary economy that has been growing at a rate of 3% per year. Government economists have proposed a number of po
Ivan

Answer:

3% -23.33 years

4%-17.5 years

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3 years ago
b. after trade opens, what price will costa ricans pay for a pound of sugar? $ 21 c. how much sugar will costa rica export after
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Because the domestic price of sugar is the same as the international price of $ 21, Ricans must pay that amount. c) Once trade is open, Costa Rica will export solbs of sugar.

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Even if consumers pay more if domestically produced goods are more expensive than imports, quotas ultimately help and protect the producers of a good in a domestic economy. Tariffs and quotas may be used for a variety of purposes.

<h3>What is the post-trade consumer surplus?</h3>

When customers pay less for a good or service than they would be willing to, this is known as a consumer surplus. Consumer surplus is based on the economic idea of marginal utility, which is the extra pleasure a consumer gets from buying one more unit of a good or service.

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